Balance Transfer Credit Cards
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Balance Transfer Credit Cards

Balance transfer credit cards are designed to allow consumers to transfer a higher interest card balance onto a card with a lower interest rate, which can help save money in finance charges.

When you transfer a balance to a card with a low introductory APR of 0%, the APR will typically stay at this 0% interest level for a specified period of time (assuming you make all your card payments on time), potentially saving you hundreds or even thousands of dollars in interest charges when you compare cards side by side.

At CreditCardAssist.com, we have provided a variety of tips, advice and free information to help guide you in your search to find the top balance transfer card offers available.

We have listed a variety of the very best balance transfer cards available below.

Editor’s Pick
Discover it®
  • 0% intro APR on purchases & balance transfers for 14 months - then a variable purchase APR applies, currently 10.99 - 22.99%. A 3% fee applies to each transferred balance.
  • Rated 4.8 out of 5 stars by over 5,000 cardmembers.*
  • No annual fee, no late fee for your first late payment - APR won't go up for paying late, no overlimit fee and no foreign transaction fee.*
  • Free FICO® Credit Score online and on monthly statements.*
  • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 after you sign up*. 1% cash back on all other purchases.
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.
  • 100% U.S.- based customer service - anytime, day and night.
  • *See rates, rewards, free FICO® Credit Score terms and other info by clicking "Apply."
Introductory Period Info
Regular APR
Annual Fee
Balance
Transfers
Credit Needed
0% intro APR on purchases and balance transfers for 14 months.
10.99% - 22.99% Variable*
$0
Yes*
Excellent*

Editor's Review: The Discover it® offers cardholders an attractive 0% APR on purchases and balance transfers for a full 14 months, a very attractive feature that establishes it as one of the best balance transfer offers currently available in the marketplace ...more info

Discover it®
  • 0% intro APR on balance transfers for 18 months - then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • Rated 4.8 out of 5 Stars by over 5,000 cardmembers.*
  • No annual fee, no late fee for your first late payment - APR won't go up for paying late, no overlimit fee and no foreign transaction fee.*
  • Free FICO® Credit Score online and on monthly statements.*
  • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 after you sign up*. 1% cash back on all other purchases.
  • 100% U.S.- based customer service - anytime, day and night.
  • *See rates, rewards, free FICO® Credit Score terms and other info by clicking "Apply."
Introductory Period Info
Regular APR
Annual Fee
Balance
Transfers
Credit Needed
0% Intro APR for 18 months on balance transfers. 0% Intro APR for 6 months on purchases.
10.99% - 22.99% Variable*
$0
Yes*
Excellent*

Editor's Review: This Discover it® is a cash rewards card that comes with one of the most attractive balance transfer features available for NEW card customers only: an 18-month 0% Introductory APR on balance transfers. ...more info

Citi Simplicity® Card
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
  • No penalty rate - EVER
  • No annual fee - EVER
  • Save time when you call with fast, personal help, 24 hours a day.
Introductory Period Info
Regular APR
Annual Fee
Balance
Transfers
Credit Needed
0% Intro APR for 18 Months on Balance Transfers* and 18 Months on Purchases*
12.99% - 21.99%* (Variable)
$0*
Yes*
Excellent*

Editor's Review: The Citi Simplicity® Card is a brand new card from Citi that gives new cardholders a simplified line of credit with fast person-to-person customer service that says goodbye to penalties and fees for missing a payment due date ...more info

Citi® Dividend Platinum Select® Visa® Card
  • Earn $100 cash back after $500 in purchases within the first 3 months of account opening
  • Earn 5% Cash Back in categories every quarter. Right now, on eligible purchases within the Hilton Portfolio, car rental agencies, movie theaters and theme parks from 7/1/14 - 9/30/14
  • Enrollment each quarter is quick and easy
  • Earn 1% cash back on all other purchases.
  • The total cash back earned with the card is $300 per calendar year, excluding the $100 cash back with this offer. See Citi Dividend Card Reward Program Information.
  • 0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness*
  • No Annual Fee*
  • Click Apply Now to see pricing details
Introductory Period Info
Regular APR
Annual Fee
Balance
Transfers
Credit Needed
0% Intro APR for 12 months on Balance Transfers and Purchases*
12.99%-22.99%* (Variable)
$0*
Yes*
Excellent*

Editor's Review: The Citi® Dividend Platinum Select® Visa® Card is designed primarily as a cash back credit card for people with good credit. The card also features a 0% APR on both purchases and balance transfers for the first 12 months*. ...more info

 

Featured Blog Content

Balance Transfers Can Benefit Consumers … But Only If They're DisciplinedMany consumers are bombarded with offers for credit card balance transfers and many of the offers seem like a good deal. However, credit card companies do make money from the service, so consumers should be wary of jumping right in. Balance transfers allow consumers to move their high interest balance to a new card with […]

If you carry large monthly card balances, this type of card offer is a great way to save money right away and long term especially if you don't switch cards often and are looking for one main card to use for the long term.

When you search and compare cards you should start by asking the following questions:

  1. When will the intro rate on the offer expire?
  2. Does an annual fee apply for the card?
  3. Will the introductory rate apply to the initial transfer only? Or will it apply to all transfers made over the introductory period?
  4. Will the introductory rate apply to purchases as well?
  5. What is the interest rate (APR) after the introductory rate ends?
  6. Are there any applicable transaction fees?

Some issuers will charge expensive transaction fees on balance transfers. Be sure to investigate any applicable fees upfront. You don't want to get surprised with a 3% or 4% transaction fee after the fact. Keep in mind that balance transfer offers are most suitable for individuals with good to excellent credit. Not everyone will qualify for the low "teaser" rate being offered on the card. Be sure to know what introductory rate will apply before you make the initial transfer. So, be sure to thoroughly read the terms and conditions of each specific card offer that you are considering.

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Looking for more articles and free information on how to transfer a card balance? We've provided more articles, tips, advice and resources below:
  • Basics of Balance Transfers - When transferring a card balance, the outstanding debt (balance) owed on the cardholder's old card is transferred to a new card with a lower interest rate, and typically occurs when a customer switches from his existing card to a new credit offer.
  • Maximizing Your Balance Transfer Cards - Balance transfer cards happen to be one of the most appealing aspects of the credit card business for consumers. They allow many people to take advantage of much lower interest rates and less finance charges on outstanding card balances but
  • Quick Step to Debt Consolidation - For anyone in a great deal of credit card-related debt, transferring a card balance can be a quick way to consolidate debts while avoiding heavy interest charges on a number of different cards. However, it's important to remember that these cards carry a built-in time limit...